Market Extra: Howard Marks says bitcoin isn’t real—and we can all blame millennials for its rise

Marks sees bitcoin as a product of ‘financial naiveté’ and ‘wishful thinking’A legendary investor thinks bitcoin is nothing more than a pyramid scheme that will soon join the dustbin of investment lore along with other epic failures like the dot-com frenzy and the tulip mania.
Source: Marketwatch Bitcoin News
Link: Market Extra: Howard Marks says bitcoin isn’t real—and we can all blame millennials for its rise

In One Chart: Bitcoin investors: things may get very ugly soon, if this chart overlay is right

Bitcoin’s going through the ‘return to normal” stageBitcoin took another hit Wednesday, making it back-to-back losses for a digital currency that soared above $3,000 just last month before dipping below $2,500. Despite the recent weakness, bitcoin is still up almost fourfold from a year ago as the crypto market continues to emerge from the shadows.
Source: Marketwatch Bitcoin News
Link: In One Chart: Bitcoin investors: things may get very ugly soon, if this chart overlay is right